US says 'urgent' for Greece, creditors to compromise

(SAN FRANCISCO) - The White House on Friday urged both Greece and international creditors to break the deadlock in long-running bailout negotiations amid fears of a damaging sovereign default or of Athens being forced out of the eurozone.

"We do believe there is an urgent need for both Greece and its international partners to take steps towards compromise," White House spokesman Eric Schultz said

"Both sides do indeed need to work expeditiously to finalize a credible reform program that can lay the foundation for long-term growth within the eurozone."